Zayo Group Holdings (ZAYO) Given Daily News Impact Rating of 0.17
Media stories about Zayo Group Holdings (NYSE:ZAYO) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zayo Group Holdings earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.3782070208452 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Zayo Group Holdings (NYSE ZAYO) opened at 34.19 on Friday. The company’s 50 day moving average is $33.99 and its 200 day moving average is $32.82. Zayo Group Holdings has a 52-week low of $29.10 and a 52-week high of $35.65. The firm has a market cap of $8.43 billion, a P/E ratio of 97.69 and a beta of 0.55.
Zayo Group Holdings (NYSE:ZAYO) last issued its earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $638.00 million during the quarter, compared to analysts’ expectations of $642.67 million. Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.13) EPS. Equities research analysts forecast that Zayo Group Holdings will post $0.63 EPS for the current fiscal year.
ZAYO has been the topic of several recent research reports. Deutsche Bank AG initiated coverage on shares of Zayo Group Holdings in a report on Monday, August 28th. They issued a “hold” rating on the stock. Cowen and Company reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Zayo Group Holdings in a report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $42.00 price target on shares of Zayo Group Holdings in a report on Wednesday, September 13th. BidaskClub raised shares of Zayo Group Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.36.
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In related news, CFO Kenneth Desgarennes sold 38,885 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $34.08, for a total transaction of $1,325,200.80. Following the sale, the chief financial officer now owns 1,018,044 shares of the company’s stock, valued at $34,694,939.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $34.35, for a total transaction of $161,445,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,543,631 shares of company stock worth $188,981,092. 5.80% of the stock is owned by insiders.
Zayo Group Holdings Company Profile
Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.
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